Entries by Casey Harper

Lawmakers pressure Treasury secretary on soaring gas prices, inflation

U.S. Treasury Secretary Janet Yellen testified before the Senate Finance Committee Tuesday where lawmakers grilled her on the rising federal debt, energy costs and soaring inflation. Gas prices have hit record highs almost daily over the past month, with the national gas price average for regular unleaded gas nearing $5 per gallon. Federal data shows that in the last 12 months, food prices have risen about 10%, energy prices have risen more than 30%, and prices overall have risen at the fastest rate in decades.

Majority of Americans support restrictions on abortion as nation awaits Supreme Court ruling

As the nation awaits a landmark abortion ruling from the U.S. Supreme Court, newly released polling data show that the majority of Americans support limits on abortion. Convention of States Action, along with the Trafalgar group, released a new poll showing that 57.6% of Americans say “abortion should only be legal in specific circumstances.” Those limits vary based on the voters’ preferences but include limiting which trimester abortions can be performed in or allowing abortions only in cases of rape or incest.

Small businesses fear rising inflation, consider shutting down in droves

The small business network Alignable released its small business inflation poll Monday, which found small businesses are very worried about rising inflation and its effect on the economy. According to the survey, 51% of small businesses fear that inflation could “force them to close their businesses within the next six months.” Restaurant owners in particular are concerned with 72% saying they are worried.

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